In GWP terms, the MTPL line also saw a 5.2% y-o-y premiums growth to EUR 284 million - continuing to hold the largest share in the market portfolio, of over 33%.

In terms of profitability, the net profit of Serbian insurance companies increased 36.7% y-o-y last year, reaching about EUR 77 million, Serbia's Business Register Agency said in a report, wrote SEE News.

DUNAV, the state-owned company, remains the market leader, with an almost 28% market share, followed by GENERALI (21.4%) and DDOR (12%).